The Previant Law Firm, S.C.

100+ Years Of Dedicated Service

Milwaukee Office: 310 West Wisconsin Avenue, Suite 100 MW, Milwaukee, WI 53203

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Greater Milwaukee:
414-203-0514

 

Fox Valley:
920-903-3000
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How Can We Help You? Contact The Previant Law Firm, S.C.

Fringe Benefit Funds

The Previant Law Firm, S.C., S.C. provides legal services to various fringe benefit fund types, including pension and retirement funds, health and welfare funds, journeyman and apprentice training funds and labor management cooperation trust funds.

The Previant Law Firm, S.C., S.C. provides expert legal services to fringe benefit funds at highly completive hourly rates.

Our dedicated fringe benefit attorneys specialize in providing the following services to all types of fringe benefit funds:

  • Advice concerning Department of Labor Audits and enforcement initiatives
  • Advice regarding compliance with ERISA and the Internal Revenue Code
  • Preparation of Plan Restatements, Summary Plan Descriptions, Participant Notices and Summaries of Material Modifications
  • Preparation of Trust Amendments
  • Updates on recent legislation and regulations
  • Preparation of Requests for Proposal for Service Provider Searches
  • Advice concerning reporting obligations under ERISA and the Internal Revenue Code
  • Advice concerning disclosure obligations under ERISA
  • Counseling on participant claims and appeals
  • Review and negotiation of service provider contracts
  • Preparation and drafting of policies and procedures

Pension and retirement plans operate in a complex legal environment that requires legal support with a broad range of experience and qualification. Legal services specific to pension and retirement funds include:

  • Advice concerning Department of Labor Final Service Provider Fee Disclosure Regulations
  • Advice concerning Trustee duties in the assessment and collection of employer withdrawal liability
  • Advice concerning investment duties and standards of care relative to investment of plan assets, including self-directed defined contribution and cash or deferred (401(k)) plans
  • Preparation of Plan Amendments and Treasury Submissions necessary for continuance of tax-exempt status
  • Advice concerning funding requirements
  • Counsel to multi-employer 401(k) plans and supplemental retirement plans
  • Qualified Domestic Relations Orders services

Health and welfare funds require the same high level of legal expertise that retirement plans do in order to operate in compliance with today’s complex regulatory requirements. The Previant Law Firm, S.C.’s fringe benefit fund attorneys apply this skill to perform the following legal services to health and welfare funds:

  • Advice regarding rules governing privacy of protected health information
  • Development of multi-employer premium-only flexible spending arrangements
  • Advice to funds concerning health reimbursement arrangements and health savings accounts
  • Development of internal and external review procedures required under the Public Health Service Act
  • Review of Independent Review Organization Agreements

The number of statutes and regulations governing journeyman and apprenticeship funds pales in comparison to those that are applicable to most other types of fringe benefit plans. A plan sponsor’s failure to comply with the rules that do apply can result in costly personal liability to fund trustees. The Previant Law Firm, S.C.’s fringe benefit attorneys include the following legal services with an eye towards minimizing the risk of liability to the fund and trustees:

  • Development of trustee and fund employee expense reimbursement policies
  • Preparation of conflict of interest and whistleblower policies
  • Policies and procedures to comply with Department of Labor rules
  • Advice concerning appropriate expenditures on behalf of participants
  • Preparation of scholarship loans and legal actions to enforce them
  • Restatement of Agreements and Declarations of Trust
  • Advice compliance with fiduciary standards of care under ERISA
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